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The sports betting and lottery market size worldwide amounted to 194.63 billion U.S. dollars in 2024, an increase over the previous year's total of almost 173 billion U.S. dollars.
Nationwide sports betting revenue is projected to grow to fromR$7.3 billion in 2024 toR$16.3 billion in 2026, andR$23.2 billion by 2030.
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Houston furniture magnate Jim "Mattress Mack" McIngvale made history Saturday night with the largest legal sports betting payout in history $75 million thanks to the Houston Astros' triumph in the World Series.
All sportsbooks have a maximum bet, but it's not really the max bet that matters it's the maximum potential payout. This can be as much asR$250,000 at the best high limit betting sites, while occasionally, it's even higher for those who are in VIP programs.
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